Etsy is the newest company to join the solar revolution in a big way. Here's an excerpt:
Despite its long-time status as a B Corporation, craft marketplace Etsy has been relatively quiet about specific commitments to sourcing renewable energy. In late April, it broke that silence.
The company’s sustainability team is spearheading two creative initiatives that should help put more solar energy on the grid near its headquarters location in Brooklyn, New York, as well as in several other states including Florida, West Virginia and Utah.
Etsy’s goal is to transition its offices to 100 percent renewable energy by 2020.
The Brooklyn installation is being made possible through a remote net metering arrangement that it is finalizing in collaboration with its landlord and a local solar developer. Through the deal, Etsy will procure solar power from an array near the John F. Kennedy International Airport to offset its power consumption at its new 200,000-square-foot headquarters building.
The 10-year-long contract will be similar to one announced in September by media company Bloomberg, according to Chelsea Mozen, senior energy and carbon specialist for Etsy.
Remote net metering initiatives allow organizations that can’t invest in significant on-site installations to benefit from capacity added elsewhere on the same section of a local grid.